Public Issue of "Nabil Balanced Fund III" Concludes With 1,43,192 Enthusiastic Applicants; Issue Oversubscribed Over 2.69 Times

Wed, Sep 15, 2021 10:29 AM on Latest,

Nabil Investment Banking Limited has successfully concluded the public issue of the "Nabil Balanced Fund III.". The public issue opened on 25th Bhadra and concluded yesterday, i.e. on 29th Bhadra, 2078, at the end of banking hours.

Nabil Balanced Fund III is a close-ended fund, meaning it will be traded in NEPSE. The fund has a maturity period of 10 years. The fund has 10 crore units at a par value of Rs 10 per unit. 14% of the fund is allocated to fund promoter Nabil Bank and 1% to fund manager Nabil Invest. The remaining 8.5 crores units were open for the public issue.

According to Nabil Invest, 1,43,192 applicants have applied for a total of 22,93,56,470 units. This is the data reported by the issue manager on the conclusion of the issue. Thus the issue is oversubscribed more than 2.69 times.